Is Big Government's failure to *bailout* Big Auto (thus far anyway) an assault on blue collar workers as Michael Moore has posited? He used the expression blue collar blood.
Let's take out that abacus:
$70 per hour X 40 hours per week X 50 weeks per year....
= $140,000 in annual wage and benefits.
I guess we're going to have to redefine *blue collar*.
Here is a good summary of Michael Moore's appearance on Larry King:
Moore's preferred solution is that "President-Elect Obama has to say to them, yes, we're going to use this money to save these jobs, but we're not going to build these gas-guzzling, unsafe vehicles any longer. We're going to put the companies into some sort of receivership and we, the government, are going to hold the reins on these companies"
"There's a catastrophe about to happen," Moore emphasized, "and the government has to step in and say, just like Roosevelt did, this is what you're building. This is how it's going to be built. We're going to have a mass transit system in this country. We're going to bring back light rail. We're going to build more subways. We're going to build more buses. And we're going to employ not only the people that are currently employed, but a lot of the people who have lost their jobs. ... That's what the country needs. That's what the world needs."
One centrist defender of the free market took objection to Moore's central argument that the automakers had failed because they weren't building the fuel-efficient, well-engineered cars Moore believes Americans want. "Those gas-guzzling vehicles (SUVs and large trucks) have been the only thing propping up the U.S. automakers," argued Alan Carl Stewart. "Until gas hit $4.00 this summer, American’s loved their gas guzzlers and GM and Ford were the companies meeting the market’s demand."
"What Moore is suggesting is a step away from nationalization of industry," Stewart continued. "What’s really amazing is that he’s advocating that the government should do exactly what he says caused GM to fail in the first place. Read this quote from the interview ... 'Their attitude was we’ll build it and you buy it. We’ll tell you what to buy.' ... But I guess it’s different if the U.S. government is telling people what’s good for them."